Haivina Co., Ltd. (Vietnam)

The subject is considered a subsidiary of HYUN JIN CORPORATION from South Korea. It specializes in processing sports apparel and gloves for export. Currently, the subject has two factories, one is located at the registered address Lang Xuyen Hamlet, Gia Tan Commune, Gia Loc District, Hai Duong Province, Vietnam with about 3,500 employees and another is located at Nam Sach Industrial Park, Ai Quoc Ward, Hai Duong City, Hai Duong Province, Vietnam with over 900 employees, as revealed by a male staff of the human resources and administrative department. The subject's products are mainly distributed to its parent company - HYUN JIN CORPORATION in South Korea and directly exported to the USA, Ecuador, etc.Financially, it could be seen that the subject's net sales restored by 33.74% in 2021, having reached VND 1,496,765,698,879 in comparison with VND 1,119,200,932,676 in 2020. Unfortunately, the gross profit margin was rather thin so the profitability performance was not high. Its capital structure was very safe thanks to its high self-financing capacity when the owner's equity held up to 87.94% of total assets as of 31 Dec 2021 and the company did not use debts.In short, the subject was ranked as an extremely large company with a healthy financial condition.